30.01.2012 Kazakhstan Ministry of Finance may consider issuing Eurobonds and Sukuk
Kazakhstan's Finance Ministry may consider issuing Eurobonds and Islamic bonds, said Finance Ministry Bolat Zhamishev.
"Issuing Eurobond and sukuk depends on the current market conditions and plans of the corporate sector to enter capital markets. Constant monitoring of the world financial market situation is underway," he said at the Ministry's board on Monday in Astana.
"In fact, we don't need funds to cover the budget deficit, but if corporations start raising money on capital market and benchmark is relevant, we may issue Eurobonds and Islamic bonds," said Zhamishev.
It was reported that the national budget deficit in 2012 is 758.5 ??billion tenge, or 2.6% of GDP.
Interfax-Kazakhstan
KASE index
CCBN
258,26
0,67%
15/02
GB_ENRC
1 590,00
0%
15/02
GB_KZMS
2 600,00
0,57%
15/02
HSBK
205,00
0%
15/02
KKGB
231,50
1,92%
15/02
KZTK
25 900,00
2,08%
15/02
RDGZ
14 590,00
1,32%
15/02
